Ohio Valley Banc Corp. (OVBC) to Distribute Quarterly Dividend of $0.25 on August 10th

Ohio Valley Banc Corp. (NASDAQ:OVBC) announced a quarterly dividend on Tuesday, July 14th. Investors of record on Friday, July 24th will be given a dividend of 0.25 per share by the bank on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, July 24th.

Ohio Valley Banc has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years.

Ohio Valley Banc Trading Down 0.6%

Shares of OVBC opened at $43.43 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $204.56 million, a price-to-earnings ratio of 13.24 and a beta of 0.03. The stock has a fifty day moving average price of $45.93 and a two-hundred day moving average price of $43.95. Ohio Valley Banc has a 52-week low of $31.61 and a 52-week high of $54.96.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Tuesday, April 28th. The bank reported $0.91 EPS for the quarter. Ohio Valley Banc had a return on equity of 9.29% and a net margin of 16.05%.The company had revenue of $18.18 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Ohio Valley Banc from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Ohio Valley Banc currently has a consensus rating of “Buy”.

Ohio Valley Banc Company Profile

Ohio Valley Banc Corp is a bank holding company headquartered in Wheeling, West Virginia, operating through its principal subsidiary, The Ohio Valley Bank. As a locally focused financial institution, the company delivers a range of banking and financial solutions designed to meet the needs of individual, small business and commercial clients across its service area.

Through its subsidiary, Ohio Valley Banc offers traditional banking products including checking and savings accounts, certificates of deposit and consumer and residential mortgage loans.